SoftBank Secures Bigger OpenAI Stake With $1.5B Employee Share Buyout: Report
OpenAI enables employees to sell up to $1.5 billion worth of shares in a tender offer led by SoftBank Group SFTBY SFTBF. What Happened: The transaction, set to close by Dec 24, allows SoftBank to deepen its stake in the AI leader while offering liquidity to current and former employees,
SoftBank chief executive Masayoshi Son is pushing for the tender offer after repeatedly asking for a larger stake in OpenAI, ...
OpenAI is giving its employees a chance to cash out on $1.5 billion worth of shares through a tender offer led by SoftBank ...
ChatGPT creator OpenAI will allow its employees to sell shares worth roughly $1.5 billion to Japanese tech investor SoftBank, CNBC reported on Wednesday.
Elon Musk agrees with a bold critique calling OpenAI’s move to a for-profit model “the theft of the millennium.” Dive into ...
OpenAI is funding academic research into algorithms that can predict humans’ moral judgements.
OpenAI has successfully raised $6.6 billion in its latest funding round, propelling its valuation to £157 billion, but the terms had some catches for both OpenAI and its backers. The firm behind ...
We officially transitioned into Spooky Season this week and, between OpenAI’s $6.6 million funding round, Nvidia’s surprise LLM, and some privacy-invading Meta Smart Glasses, we saw a scary ...
As a private company, OpenAI’s net worth is based on the valuation of the company from the funding it receives. Following the most recent round of funding in October 2024, which raised $6.6 ...
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In subsequent months, however, his tone changed dramatically as OpenAI grabbed headlines and triggered ... an effectively ...
OpenAI is reportedly courting Apple as an investor in a funding round that would take the ChatGPT creator and artificial intelligence innovator to a valuation of more than $100bn. Apple rival ...
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